Currency in Vietnam
When traveling to Vietnam, it is important to ask what currency is used in this country. The national currency of Vietnam is the dong. It is nominally equal to 10 hao or 100 sous. Cash in Vietnam is issued in two equivalents - banknotes and coins. There are banknotes in circulation in denominations of 100, 200, 500, 1,000, 5,000, 10,000, 20,000, 50,000, 100,000 and 500,000 dong. They are not made of paper, but thin plastic. This material extends the life of banknotes. Coins in denominations of 200, 500, 1,000, 2,000 and 5,000 dong are very rare. They are gradually withdrawn from circulation..
Dong is the smallest currency
Dong is considered one of the smallest currencies in the world. It equals 0, 000047 US dollars. When exchanging dollars for Vietnamese dongs, you may feel like you have a fortune in your hands. You should not delude yourself.
What currency to take to Vietnam
On the territory of Vietnam, not only dongs are in active circulation, but also dollars. There are no special restrictions on the import of currency into Vietnam. You can import up to $ 3,000 without filling out a special declaration.
Export of the national currency of Vietnam is prohibited.
Currency exchange in Vietnam
You can exchange currency in Vietnam anywhere: at exchange offices, banks, hotels, jewelry stores, travel companies, airports.
The main concern for every tourist is «local money changers». They will offer you the most favorable currency exchange rate, but it is possible that among the bills there will be several fake ones..
Choose trusted and reliable sources.
Standard working hours in Vietnamese banks are from 07: 30-08: 00 to 15: 30-16: 30. Days off - Saturday, Sunday.
Money in Vietnam
Prices in hotels, shopping centers, cafes and restaurants are indicated in dong and dollars. You can pay with this currency. Also in Vietnam, they accept euros, yuan, yen, baht. But, it is worth considering that you will receive change in a supermarket, cafe, restaurant in dong.
Payment for services partly in dollars and partly in dong is a standard practice among tourists.
Credit cards
Payment for goods and services by credit cards is a common practice in Vietnam. But she has a lot of pitfalls. First, your card is charged a commission of 2-5% of the transaction amount. Secondly, currency conversion takes place at the most unfavorable rate..
It is not recommended to cash out at ATMs. The reason is the high commission during this operation..
